AUD/USD - Daily - Technical analysis published on 03/20/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 0.6633 USD
My targets
0.6498 USD (-0.0034)
0.6374 USD (-0.0158)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AUD/USD as long as the price remains well below 0.6633 USD. The sellers' bearish objective is set at 0.6498 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.6374 USD. In case of crossing, the next objective would be the support located at 0.6294 USD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.7
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This analysis was given by trader_57568. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/USD rating is 0.6532 USD. The price registered an increase of +0.11% on the session and was traded between 0.6519 USD and 0.6534 USD over the period. The price is currently at +0.20% from its lowest and -0.03% from its highest.0.6519
0.6534
0.6532
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AUD/USD in Daily shows an overall bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of channel
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.6294 | 0.6374 | 0.6498 | 0.6532 | 0.6552 | 0.6633 | 0.6787 |
Change (%) | -3.64% | -2.42% | -0.52% | - | +0.31% | +1.55% | +3.90% |
Change | -0.0238 | -0.0158 | -0.0034 | - | +0.0020 | +0.0101 | +0.0255 |
Level | Intermediate | Minor | Intermediate | - | Major | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6436 | 0.6470 | 0.6497 | 0.6531 | 0.6558 | 0.6592 | 0.6619 |
Camarilla | 0.6508 | 0.6514 | 0.6519 | 0.6525 | 0.6531 | 0.6536 | 0.6542 |
Woodie | 0.6434 | 0.6468 | 0.6495 | 0.6529 | 0.6556 | 0.6590 | 0.6617 |
Fibonacci | 0.6470 | 0.6493 | 0.6507 | 0.6531 | 0.6554 | 0.6568 | 0.6592 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6440 | 0.6496 | 0.6527 | 0.6583 | 0.6614 | 0.6670 | 0.6701 |
Camarilla | 0.6534 | 0.6542 | 0.6550 | 0.6558 | 0.6566 | 0.6574 | 0.6582 |
Woodie | 0.6428 | 0.6490 | 0.6515 | 0.6577 | 0.6602 | 0.6664 | 0.6689 |
Fibonacci | 0.6496 | 0.6529 | 0.6550 | 0.6583 | 0.6616 | 0.6637 | 0.6670 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.6257 | 0.6349 | 0.6425 | 0.6517 | 0.6593 | 0.6685 | 0.6761 |
Camarilla | 0.6454 | 0.6469 | 0.6485 | 0.6500 | 0.6515 | 0.6531 | 0.6546 |
Woodie | 0.6248 | 0.6345 | 0.6416 | 0.6513 | 0.6584 | 0.6681 | 0.6752 |
Fibonacci | 0.6349 | 0.6414 | 0.6453 | 0.6517 | 0.6582 | 0.6621 | 0.6685 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 44.79 | |
MACD (12,26,9): | 0.0000 | |
Directional Movement: | -8.4486 | |
AROON (14): | 21.4285 | |
DEMA (21): | 0.6560 | |
Parabolic SAR (0,02-0,02-0,2): | 0.6665 | |
Elder Ray (13): | -0.0035 | |
Super Trend (3,10): | 0.6638 | |
Zig ZAG (10): | 0.6532 | |
VORTEX (21): | 0.9916 | |
Stochastique (14,3,5): | 31.40 | |
TEMA (21): | 0.6569 | |
Williams %R (14): | -71.58 | |
Chande Momentum Oscillator (20): | 0.0025 | |
Repulse (5,40,3): | -0.3801 | |
ROCnROLL: | 2 | |
TRIX (15,9): | 0.0097 | |
Courbe Coppock: | 1.30 |
MA7: | 0.6569 | |
MA20: | 0.6557 | |
MA50: | 0.6560 | |
MA100: | 0.6583 | |
MAexp7: | 0.6557 | |
MAexp20: | 0.6560 | |
MAexp50: | 0.6566 | |
MAexp100: | 0.6566 | |
Price / MA7: | -0.56% | |
Price / MA20: | -0.38% | |
Price / MA50: | -0.43% | |
Price / MA100: | -0.77% | |
Price / MAexp7: | -0.38% | |
Price / MAexp20: | -0.43% | |
Price / MAexp50: | -0.52% | |
Price / MAexp100: | -0.52% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on AUD/USD. At the time of publication of this analysis, the latest news was as follows:
- AUD/USD Daily Forecast and Technical Analysis for March 19, 2024, by Chris Lewis for FX Empire
- AUD/USD Daily Forecast and Technical Analysis for March 18, 2024, by Chris Lewis for FX Empire
- AUD/USD Forecast March 18, 2024
- AUD/USD Long Term Forecast and Technical Analysis for March 15, 2024, by Chris Lewis for FX Empire
- AUD/USD Daily Forecast and Technical Analysis for March 14, 2024, by Chris Lewis for FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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